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Which of the following statements regarding the effect of a finance lease on the lessee's statement of cash flows is least accurate? The change in
Which of the following statements regarding the effect of a finance lease on the lessee's statement of cash flows is least accurate?
The change in the finance lease liability on the balance sheet is a cash flow from financing. | ||
The interest expense portion of the lease payments reduces cash flow from operations. | ||
The rental expense serves to reduce the cash flow for financing because it is an investment expense. |
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